Welcome to the August 2020 Newsletter from Certax Accounting
Following criticism from the Treasury Select Committee, HMRC has abandoned its plan to make workers pay income tax on coronavirus (COVID-19) testing kits purchased by their employer. Meanwhile, Chancellor Rishi Sunak has asked the Office of Tax Simplification (OTS) to carry out a review into capital gains tax (CGT) in order to ascertain how it can be simplified. The Chancellor requested that the OTS review CGT and aspects of the taxation of chargeable gains in regard to indiv